hmmmmmmm nice question.
FACTORS AFFECTING THE NATION
ECONOMIC ARE.
1: IMPORTATION: this is the number one factor, the rate by which Nigerian import goods is so outrageous.
Nigerian import goods such as.
1 pure water nylon
2 toothpick
3 mat
4 zip
just name it, look at the minor things we import,
talk less of the major ones.
we all know that Kenya is a poor country but they produced kiwi Polish, do you know how many people used kiwi polish.
I believed many of us have shoe and many of us do Polish our shoe, if they calculate the amount of money being used to purchase their Polish is enough to boast their economic.
let me not duel much on importation.
2: foreign currency ( dollar). this is another factor that is. causing the devaluation of Nigeria currency.
when President Good luck is campaigning for a second term election, he shared dollar to his supporters, the people he shared dollar too refused too spend it.
that why we are having dollar scarcity and is affecting us because we import all most everything.